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Earnings (Loss) per Share (Tables)
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Basic and Diluted Earnings (Loss) per Share
The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock (shares in thousands):
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
Basic Earnings (Loss) per Share:
 
 
 
 
 
 
Net Income from continuing operations attributable to Xerox
 
$
361

 
$
192

 
$
622

Accrued dividends on preferred stock
 
(14
)
 
(14
)
 
(24
)
Adjusted Net income from continuing operations available to common shareholders
 
347

 
178

 
598

Income (loss) from discontinued operations attributable to Xerox, net of tax
 
—

 
3

 
(1,093
)
Adjusted Net income (loss) available to common shareholders
 
$
347

 
$
181

 
$
(495
)
Weighted-average common shares outstanding
 
248,707

 
254,341

 
253,391

Basic Earnings (Loss) per Share:
 
 
 
 
 
 
Continuing operations
 
$
1.40

 
$
0.70

 
$
2.36

Discontinued operations
 
—

 
0.01

 
(4.31
)
Basic Earnings (Loss) per Share
 
$
1.40

 
$
0.71

 
$
(1.95
)
 
 
 
 
 
 
 
Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
Net Income from continuing operations attributable to Xerox
 
$
361

 
$
192

 
$
622

Accrued dividends on preferred stock
 
(14
)
 
(14
)
 
(24
)
Adjusted Net income from continuing operations available to common shareholders
 
347

 
178

 
598

Income (loss) from discontinued operations attributable to Xerox, net of tax
 
—

 
3

 
(1,093
)
Adjusted Net income (loss) available to common shareholders
 
$
347

 
$
181

 
$
(495
)
Weighted-average common shares outstanding
 
248,707

 
254,341

 
253,391

Common shares issuable with respect to:
 
 
 
 
 
 
Stock options
 
—

 
—

 
174

Restricted stock and performance shares
 
2,953

 
2,229

 
2,430

Adjusted Weighted average common shares outstanding
 
251,660

 
256,570

 
255,995

 
 
 
 
 
 
 
Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
Continuing operations
 
$
1.38

 
$
0.70

 
$
2.33

Discontinued operations
 
—

 
0.01

 
(4.26
)
Diluted Earnings (Loss) per Share
 
$
1.38

 
$
0.71

 
$
(1.93
)
 
 
 
 
 
 
 
The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive (shares in thousands):
Stock options
 
1,022

 
—

 
202

Restricted stock and performance shares
 
3,068

 
3,706

 
5,430

Convertible preferred stock
 
6,742

 
6,742

 
6,742

Total Anti-Dilutive Securities
 
10,832

 
10,448

 
12,374

 
 
 
 
 
 
 
Dividends per Common Share
 
$
1.00

 
$
1.00

 
$
1.24